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What is Diminshing Musharakah

Public Policy’s Role in Achieving Sustainable Development Goals
Is a form of Musharakah partnership that occurs when Mudarabh and Musharakah are combined. It is done by dividing the share of the financier of joint venture into a number of units, and the other partner (s) will purchase the units of the share of the financier periodically according to the agreement, thus increasing his (their) own share till all the units of the financier are purchased by him (them) and become the sole owner of the joint venture.
Published in Chapter:
Application of Maqasid al-Shariah-Based Public Policy Framework in SDGs Policies: Poverty Eradication (SDG 1) as a Case Study
Ahmad Labeeb Tajudeen (Islamic University of Minnesota, USA) and Manzoor Apenna Lawal (Sikiru Adetona College of Education Science and Technology, Omu-Ajose, Nigeria)
Copyright: © 2023 |Pages: 18
DOI: 10.4018/978-1-6684-8903-1.ch005
Abstract
Public policy scholars have warned that the conventional public policy (CPP) framework is not effective enough to address the post-pandemic problems as it has blatantly failed the litmus test of time. The CPP framework has been criticised on various grounds and blamed for the problems of unsustainability and overarching poverty that plague humanity. The objective of this chapter is to explain a quadric public policy framework (PPI) that has recently been proposed as an efficient alternative public policy framework. The explanation is limited to only one out of the four components of the framework, called the Maqasid al-Shariah component, also known as public interest theory. The findings show that the PPI framework can link policymakers from different sectors and provide a platform for a whole-of-government approach to achieving the SDGs, especially poverty alleviation and eradication.
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